Bhutan’s Economic Response to the COVID-19 Crisis
H.E. Lyonpo Loknath Sharma
Minister of Economic Affairs, Bhutan
The ABLF Talks | The ABLF City | August 10, 2021
Speaker Introduction
H.E. Lyonpo Loknath Sharma has served as Bhutan’s Minister of Economic Affairs since 2018, guiding the country through one of the most turbulent periods in recent history. His leadership during the COVID-19 pandemic was grounded in people-centric governance, regional cooperation, and a steadfast commitment to environmental integrity. Under his watch, Bhutan adopted a uniquely values-driven recovery strategy, balancing immediate relief with long-term sustainability. He has been a key architect of policies strengthening hydropower, agriculture, and digital innovation, while reinforcing Bhutan’s position as a global leader in climate stewardship.
Moderator: Resham Kotecha, Policy and Strategy Specialist, UK
Prepared by: The ABLF Research Council
Date: August 10, 2021
Event: The ABLF Talks, hosted virtually at the ABLF City
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Executive Summary
At the ABLF Talks Live, Minister Sharma outlined Bhutan’s pandemic response, rooted in foresight, solidarity, and sustainability. Guided by the direct involvement of His Majesty the King, Bhutan established a National Resilience Fund, extended wage relief, introduced interest waivers, and provided concessional loans to protect households and businesses. The government strategically supported hydropower, agriculture, and e-commerce while accelerating digital adoption in governance, education, and commerce. His address underscored Bhutan’s ability to align short-term crisis management with its long-term vision of inclusive growth, environmental protection, and regional collaboration.
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Derived from the impact-led dialogues at the ABLF Talks, these policy-shaping documents are designed to inform, inspire, and ignite action across all sectors, from inclusive growth and sustainability to innovation and digital transformation.
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